Keyur Pandya

Thank you. Sir a couple of questions. So first, on the capacity side. Just to get clarified so Silvassa INR100 crores of capex and Bhiwadi INR110 crores of capex for LT cable, these two are the capex which would be available for FY '25? And am I missing any other capex which got commissioned or is about to commission in near term?

No sir, what I was asking is, I mean, we were suppo sed to start Silvassa expansion around INR100 crores in March '24 and Bhiwadi expansion fo r LT power cable for exports from June '24, which you mentioned that which will start in J uly, August. So these 2 are the additional capacities available for 2Q in FY '25? Or is there anything else also or rest of the capacities are fully utilized?

Okay. One follow-up is on the EHV side. Now EHV is fully utilized and the next EHV expansion would come in Gujarat Greenfield. So till that time , saying, including FY'26, the EHV would remain more or less flattish, is that a correct understanding?

Congratulations to the team for good results. Just first question, probably partially you answered, I mean, the question was on overall consumer category growth. You talked about some destocking in house wires, but that is about primary sales.

Okay. And sir, second question is on the Lloyd. Probably I would say that we have used AC as an instrument to build brand Lloyd over years. Now should we assume that, that journey would be relatively easier for the non -AC categories? Or to put it in different way, whatever the unit economics are there for the AC, are they better for, say, ref and washing machine right now?